Daily Memo: China’s Overcapacity Problem, Russia’s Black Sea Buildup

China's steel and oil refining industries can't seem to downsize.

Beijing’s struggles. China is apparently having a devil of a time reducing overcapacity in its steel industry. It’s also reportedly struggling to take on overcapacity in its oil refining industry. This comes a day after the EU imposed new tariffs on Chinese aluminum. It’s a useful reminder that, sometimes, Beijing’s refusal to commit to trade […]

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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.